Connect with us
nairametrics
UBA ads

Economy & Politics

Motorists to pay N1000 penalty at Lekki-Ikoyi Toll Plaza 

Motorists plying Lekki-Ikoyi Toll Plaza, who wish to pay cash, will now pay N1000 as penalty fee from today, January 20, 2020.

Published

on

Motorists to pay N1000 penalty at Lekki-Ikoyi Toll Plaza

Motorists plying Lekki-Ikoyi Toll Plaza, who wish to pay cash, will now pay N1000 as fine. This is after the Lagos State Government has pushed for cashless transactions at the toll, as penalty will begin from today, January 20, 2020.

Although the fee for the Lekki-Ikoyi Toll Plaza is divided into N300 for saloon cars and N400 for Sport Utility Vehicles (SUVs), it was reported that drivers who fail to comply with the cashless policy will be made to pay N1000. The cashless payment took effect from January 1, 2020.

The penalty fee is the government’s measure of clamping down on motorists trying to frustrate the new path the government is embarking on in terms of transaction at the toll plaza.

[READ MORE: Motorists groan as Lekki Toll gate upgrade may extend till month end)

Speaking on the measures taken, the Commissioner for Transportation, Frederic Oladeinde said, “The state government will not hesitate to apply the law on any motorist that attempts to frustrate its effort at improving traffic situation along the Lekki-Ikoyi Bridge corridor.

GTBank 728 x 90

“The e-tags are free to obtain and widely available. Therefore, such sharp practices are unnecessary,” Oladeinde said.

Why cashless is vital to tollgate: According to the government, one of the ways to curb the traffic gridlock is to reduce the dependence of the Lekki-Ikoyi Toll Plaza on cash. It is believed that the cashless transaction will enable the free flow of traffic, ending the holdup experienced at the tollgate.

It stated that the cashless transaction has reduced the time and duration motorists use at the Lekki-Ikoyi Toll Plaza. Oladeinde also warned that the Lagos State Government would commence full compliance of the e-tags for the toll plaza as the two weeks’ grace ends.

Meanwhile, the Managing Director, Lekki Concession Company Ltd., Yomi Omomuwasan, said motorists plying the Lekki-Ikoyi Toll Plaza can make payment through four medium; e-tag, the vouchers system, the e-card and the LCC Mobile App for a top-up.

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Economy & Politics

INEC to introduce election results viewing portal

INEC says the policy would be tested at the Nasarawa State Constituency Bye-Election.

Published

on

INEC to introduce election results viewing portal, INEC headquarters gutted by fire

The Independent National Electoral Commission, INEC, has announced the introduction of a dedicated public portal called the INEC Result Viewing (IreV), which would enable Nigerians to view real-time results in polling stations.

This was announced Thursday evening in a statement signed by Festus Okoye, INEC’s Commissioner and Chairman of Information and Voter Education Committee.

READ MORE: FIRS boss wants to tax street traders, artisans, others 

“ The Commission is aware that result management has remained a major source of mistrust in our electoral process. INEC is determined to address any source of this concern through enhancing the level of transparency in the conduct of elections,” INEC said.

GTBank 728 x 90

READ ALSO: Buhari orders payment of stranded NDDC scholarship students, commission gives reason for delay

INEC also said that it is an important principle for votes during elections to be correctly counted. This new initiative is a major step towards achieving that goal. However, INEC said this does not constitute electronic collation of votes just yet. Instead, “the collation of election results shall remain as provided for by law, a manual process of completion.”

IreV would be tested during the Nasarawa State Constituency Bye-Election scheduled for August 8th, INEC said.

READ MORE: 4.48 million beneficiaries apply for N-Power jobs in 16 days

Concerned Nigerians are advised to visit inecresults.com, create an account, and fill in their details which will lead them to the portal to oversee the collation of votes.

app
Continue Reading

Economy & Politics

Chinese Loans: Clauses are international standard terms – Amaechi

The probes into Nigeria’s use of foreign loans could negatively affect how foreign lenders perceive the country.

Published

on

Nigeria Air, FG states why there is no hurry to resume train operation, Lagos blue rail line ready 2022 , Chinese Loans: Clauses are international standard terms - Amaechi

Nigeria’s Minister of Transport, Rotimi Amaechi, said the clauses contained in Nigeria’s Chinese loans for infrastructural development are standard international commitment clauses. In other words, such are regular, applicable clauses whenever a country goes into a trade agreement with another country.

The Minister revealed this while on Channels Television’s evening political talk show, Politics Today.

Back story: The Nigerian Senate called a hearing last week, asking the Minister to explain the clauses on Chinese-funded infrastructure projects in Nigeria. Instead, the Minister argued that the probe into Nigeria’s use of foreign loans to finance infrastructure projects could negatively affect how foreign lenders perceive the country and also impact further financing for future projects.

(READ MORE: China more willing to restructure Africa’s debt than private creditors)

GTBank 728 x 90

Later during his recent Channels TV interview, the Minister said Nigeria is not Madagascar or Sri Lanka and has been keeping up with payment plans for the loan. “ No country has complained about Nigeria’s loan obligations,” Amaechi said.

Although he acknowledged Nigeria has debt over revenue problems, he made it clear that “that does not mean we have at any point in time refused to pay our loans.”

Amaechi then claimed that only a criminally-minded person would have issues with the loan terms. “Only those who don’t want to repay are worried about the clauses. If we repay our loans we won’t get arbitration,” he said.

The Minister also disclosed that the Ministry of Finance has repaid up to $98 million of the loans, adding, “those are standard international commitment clauses” and that no loan can be taken by the government without the approval of the National assembly.

Continue Reading

Economy & Politics

NDDC reveals more lists of contracts awarded to federal legislators

The Commission said it released the list to expose committee chairmen in the National Assembly.

Published

on

NDDC corruption probe: Commission denies spending N81.5 billion in 6 months 

The Niger Delta Development Commission (NDDC) said there is another list of emergency contracts that were awarded to National Assembly members in 2017 and 2019. This list was not submitted to National Assembly following the recent probe of the NDDC.

This disclosure was made in a press statement by the NDDC earlier today which was signed by the commission’s Director for Corporate Affairs, Charles Odili. According to the statement, the initial list that was submitted by the Minister for Niger Delta Affairs, Senator Godswill Akpabio, was actually compiled by the former management of the commission in 2018, not the minister himself.

READ ALSO: Explained: CBN’s powers to seize bank account of criminals

The statement by the NDDC went further to note that the Interim Management Committee of the Commission stands by the list which came from the files already in the possession of the forensic auditors.

The Interim Management Committee (IMC) of the Commission stands by the list, which came from files already in the possession of the forensic auditors. It is not an Akpabio list but the NDDC’s list. The list is part of the volume of 8,000 documents already handed over to the forensic auditors,” the statement said in parts.

GTBank 728 x 90

READ MORE: 2021 Budget: FG projects spending plan of N11.86 trillion and deficit of N5.16 trillion

In the meantime, the NDDC has urged prominent indigenes of the Niger Delta, whose names appeared on that list, not to panic, because the NDDC is aware that their names were used to secure contracts. The ongoing forensic audit would help to unearth those behind those contracts, the NDDC said in the statement.

Furthermore, the commission disclosed that it released the list to expose committee chairmen in the National Assembly who used fronts to collect contracts from the NDDC, some of which were never executed. Interestingly, the list did not include the unique case of 250 contracts that were signed for and collected in one day by one person, ostensibly for members of the National Assembly.

While assuring that the forensic audit exercise is on course, the NDDC noted that the commission had positioned 185 media support specialists to identify the sites of every project captured in its books for verification by the forensic auditors.

READ MORE: NDDC Probe: Akpabio accuses NASS members of getting most of the commission’s contracts

The NDDC then enjoined members of the public not to be distracted or swayed by a lot of misinformation and falsehood that are being orchestrated by mischief makers, even as more of such will be expected by those opposed to the IMC.

app

It can be recalled that Akpabio, while appearing before the members of the house of representatives ad-hoc committee probing the N40 billion corruption allegation against the IMC of NDDC, said that most of the contracts that are being awarded at the commission were given to members of the national assembly.

READ ALSO: Akpabio denies accusing Reps of receiving 60% of NDDC contracts

Not that likely, the Speaker of the House of Representatives, Femi Gbajabiamila, asked the minister to provide within 48 hours, the names of the legislators that benefitted from such contracts with full details or face legal action.

Coronation ads

Senator Akpabio, in response to the ultimatum, sent an official letter to the Speaker, providing the names of the national assembly members that benefitted from such contracts.

Continue Reading
Advertisement
Advertisement
first bank
Advertisement
Advertisement
first bank
Advertisement
Heritage bank
Advertisement
beyondperception
Advertisement
devland
Advertisement
GTBank 728 x 90
Advertisement
Advertisement
financial calculator
Advertisement
deals book
Advertisement
app
Advertisement